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      <invstOrSec>
        <name>KLA Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ross Stores, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western Digital Corp.</name>
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        <title>Western Digital Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FERROVIAL NV</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="NL0015001FS8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vertex Pharmaceuticals Inc.</name>
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        <title>Vertex Pharmaceuticals Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tesla, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synopsys, Inc.</name>
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        <title>Synopsys, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GE HealthCare Technologies Inc.</name>
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        <title>GE HealthCare Technologies Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <title>Regeneron Pharmaceuticals, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AppLovin Corp.</name>
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        <title>AppLovin Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Airbnb, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
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        <title>Gilead Sciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Linde PLC</name>
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        <title>Linde PLC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <title>Alphabet Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Amazon.com, Inc.</name>
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        <title>Amazon.com, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Palo Alto Networks, Inc.</name>
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        <title>Palo Alto Networks, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>PACCAR Inc.</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
        <title>PACCAR Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Advanced Micro Devices, Inc.</name>
        <lei>R2I72C950HOYXII45366</lei>
        <title>Advanced Micro Devices, Inc.</title>
        <cusip>007903107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Comcast Corp.</name>
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        <title>Comcast Corp., Class A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Autodesk, Inc.</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>Autodesk, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Keurig Dr Pepper Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper Inc.</title>
        <cusip>49271V100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc., Class A</title>
        <cusip>98138H101</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cadence Design Systems, Inc.</name>
        <lei>GCT7RXJOGLXPV0NXZY22</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom Inc.</name>
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        <title>Broadcom Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intuitive Surgical, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zscaler, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Automatic Data Processing, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lam Research Corp.</name>
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        <title>Lam Research Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Charter Communications, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Seagate Technology Holdings PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>T-Mobile US, Inc.</name>
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        <title>T-Mobile US, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Warner Bros. Discovery, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Applied Materials, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <title>Alphabet Inc., Class C</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Walmart Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Paychex, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NVIDIA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Marriott International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Electronic Arts Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PayPal Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MercadoLibre, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Shopify Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PDD Holdings Inc.</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD Holdings Inc., ADR</title>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Cintas Corp.</name>
        <lei>549300E27V6N4OJCJ944</lei>
        <title>Cintas Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
        <cusip>30303M102</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Fortinet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Mondelez International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Amgen Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exelon Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Microchip Technology Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Palantir Technologies Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Booking Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kraft Heinz Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Old Dominion Freight Line, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fastenal Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Roper Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Copart, Inc.</name>
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        <name>Datadog, Inc.</name>
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        <name>Monster Beverage Corp.</name>
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        <name>Coca-Cola Europacific Partners PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <name>DexCom, Inc.</name>
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        <name>Starbucks Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CrowdStrike Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDEXX Laboratories, Inc.</name>
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        <title>IDEXX Laboratories, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Texas Instruments Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Intuit Inc.</name>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
